The stock of Equinox Gold Corp (EQX) has seen a -2.74% decrease in the past week, with a 5.39% gain in the past month, and a 28.57% flourish in the past quarter. The volatility ratio for the week is 3.92%, and the volatility levels for the past 30 days are at 4.58% for EQX.. The simple moving average for the past 20 days is -4.70% for EQX’s stock, with a 17.21% simple moving average for the past 200 days.
Is It Worth Investing in Equinox Gold Corp (AMEX: EQX) Right Now?
The price-to-earnings ratio for Equinox Gold Corp (AMEX: EQX) is above average at 65.02x. The 36-month beta value for EQX is also noteworthy at 1.17. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for EQX is 296.53M, and at present, short sellers hold a 4.47% of that float. The average trading volume of EQX on April 23, 2024 was 2.41M shares.
EQX) stock’s latest price update
Equinox Gold Corp (AMEX: EQX)’s stock price has dropped by -5.50 in relation to previous closing price of 6.00. Nevertheless, the company has seen a loss of -2.74% in its stock price over the last five trading days. Zacks Investment Research reported 2024-04-08 that With gold prices rallying, investors should watch closely stocks such as Aris Mining (ARMN), Equinox Gold (EQX), Idaho Strategic Resources (IDR) and Triple Flag Precious Metals (TFPM).
EQX Trading at 10.26% from the 50-Day Moving Average
After a stumble in the market that brought EQX to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -12.77% of loss for the given period.
Volatility was left at 4.58%, however, over the last 30 days, the volatility rate increased by 3.92%, as shares surge +6.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +30.95% upper at present.
During the last 5 trading sessions, EQX fell by -2.74%, which changed the moving average for the period of 200-days by +27.42% in comparison to the 20-day moving average, which settled at $5.97. In addition, Equinox Gold Corp saw 15.95% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for EQX
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.1 for the gross margin
The net margin for Equinox Gold Corp stands at 0.03. The total capital return value is set at 0.01. Equity return is now at value 1.20, with 0.70 for asset returns.
Based on Equinox Gold Corp (EQX), the company’s capital structure generated 0.28 points at debt to capital in total, while cash flow to debt ratio is standing at 0.36. The debt to equity ratio resting at 0.39. The interest coverage ratio of the stock is 0.44.
Currently, EBITDA for the company is 256.48 million with net debt to EBITDA at 3.19. When we switch over and look at the enterprise to sales, we see a ratio of 2.38. The receivables turnover for the company is 13.39for trailing twelve months and the total asset turnover is 0.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.74.
Conclusion
In summary, Equinox Gold Corp (EQX) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
